Crypto to Watch - Bitcoin (BTC) - Ascending Triangle

in #bitcoin5 years ago

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The volume on Bitcoin has been crazy since March 12th. Notice that the pattern of the volume is a mirror image of the price action.

Bitcoin is hitting up against the resistance at $6850 which is proving to be strong.

The MACD and the RSI are bullish.

The key is any break above $6850 as each time it pushes through the Bears step in and drive it back down.

I put the odds at 60-40 that Bitcoin will move slightly up to test the 50 day moving average.

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Bitcoin has been a bit weakened lately..I hope 60% of your analysis will win ;)

I hope so to.